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Property Information
- Let to Housing Association – Places for People
- 11.5 years left on 2 leases
- Operational Leases effectively FR&I via Sinking Fund
- Places for People – Blue Chip covenant – Assets of £5.8 Billion Adjacent to University of Nottingham Jubilee Campus
- Walking distance to Queens Medical Centre. Planning – Class C3 – covering all living sectors
- Rack Rent received for 2024 – £426,289 reviewed Annually Average Rack Rent for last 3 years – £419,711
- ERV – £650,000 pa if Apartments let individually Annual Rent Reviews
- Potential Breakup Value – £8,550,000
- Sale Price – £6,500,000 – Net Yield after costs – 6.14%
Reference No: 11311